Casey’s General Stores (NASDAQ:CASY) had its price target lifted by Jefferies Financial Group from $167.00 to $183.00 in a research note published on Thursday, The Fly reports. Jefferies Financial Group currently has a buy rating on the stock. The analysts noted that the move was a valuation call.
A number of other equities research analysts also recently issued reports on CASY. Deutsche Bank reiterated a buy rating and issued a GBX 430 ($5.62) price objective on shares of in a research report on Monday, June 17th. Sidoti set a $147.00 price objective on Casey’s General Stores and gave the stock a hold rating in a research report on Tuesday, June 11th. Stephens reiterated a buy rating and issued a $25.00 price objective on shares of Spirit of Texas Bancshares in a research report on Thursday, June 13th. Barclays downgraded Axel Springer from an overweight rating to an equal weight rating in a research report on Wednesday, June 12th. Finally, Zacks Investment Research downgraded Hess Midstream Partners from a hold rating to a sell rating in a research report on Tuesday, May 14th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $151.90.
Shares of CASY stock opened at $164.80 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.69 and a debt-to-equity ratio of 0.91. Casey’s General Stores has a 52-week low of $106.75 and a 52-week high of $165.38. The stock has a market capitalization of $6.06 billion, a P/E ratio of 29.91, a PEG ratio of 2.99 and a beta of 0.60. The stock has a fifty day simple moving average of $150.65.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.32 per share. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Wednesday, July 31st. Casey’s General Stores’s dividend payout ratio (DPR) is 21.05%.
In other news, Director H Lynn Horak sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $154.55, for a total transaction of $463,650.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Terry W. Handley sold 8,106 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $149.67, for a total value of $1,213,225.02. The disclosure for this sale can be found here. Insiders have sold 35,106 shares of company stock worth $5,292,595 over the last ninety days. Insiders own 0.72% of the company’s stock.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Casey’s General Stores by 1.2% during the first quarter. BlackRock Inc. now owns 3,224,026 shares of the company’s stock valued at $415,157,000 after buying an additional 36,695 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Casey’s General Stores by 2.0% during the first quarter. Clearbridge Investments LLC now owns 1,425,212 shares of the company’s stock valued at $183,525,000 after buying an additional 28,550 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Casey’s General Stores during the first quarter valued at about $70,795,000. Thrivent Financial for Lutherans grew its stake in shares of Casey’s General Stores by 174.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 392,085 shares of the company’s stock valued at $50,242,000 after buying an additional 249,286 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Casey’s General Stores by 8.5% during the fourth quarter. Geode Capital Management LLC now owns 388,122 shares of the company’s stock valued at $49,733,000 after buying an additional 30,433 shares during the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.
About Casey’s General Stores
Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.
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